Creating the Objective Function for a State Owned Company

When i say public company, i'm referring to a company that's traded on the stock marketis owned by investors that are not the government. When i say private in this episode, i'm talking about a companyowned by the government even if its raded on the stockMarket where the government has the final say. So we can use the example of the new york city police department. I'm going to use this example to show you how hard it is to come up with the jective function for a state owned or government entity. And yegin to see it is practically impossible. Wee not impossible, but it requires deep, deep skills. Once you get a company owned by